Energy Price Crisis Deepens as Climate Transition Accelerates Globally

The European Union is bracing for an energy price crisis as the fallout from the Iran conflict disrupts oil and gas markets. EU Energy Commissioner Dan Jorgensen warned in a letter that countries must consider curbing demand, noting the bloc is "facing a price crisis linking to a supply crisis." This comes as ECB Vice President Boris Vujcic cautioned that diesel prices will stay high "for a long time," feeding into inflation.

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• EU Demand Curbs:...